It is important for organizations to be open to change and know how to deal with it. Many organizations fail to recognize change causing the organization to suffer and sometimes come to an end. There are six forces that stimulate change in an organization, nature of the workforce, technology, economic shock, competition, social trends, and world politics.
The consequences of these economic shocks are bankruptcy, elimination and sometimes acquisition of organizations causing many employees to lose their jobs (Robbins & Judge, Chapter 18, 2011).
Increased environmental awareness, liberalization of attitudes toward gay, lesbian, and transgender employees, and more multitasking and connectivity are examples of social trends, another force that stimulates change (Robbins & Judge, Chapter 18, 2011).
The last force that causes changes in companies is world politics. Activities like opening of markets in China and rising healthcare costEconomic shocks include the rise and fall of the global housing market, financial sector collapse and global recession. The consequences of these economic shocks are bankruptcy, elimination and sometimes acquisition of organizations causing many employees to lose their jobs (Robbins & Judge, Chapter 18, 2011).
Competition is another force that causes change in an organization. Competition can come from global competitors, companies merging and consolidating, and increased regulation of commerce by other countries. It is important that an organization deal with competition by being flexible and having a responsive workforce (Robbins & Judge, Chapter 18, 2011). Increased environmental awareness, liberalization of attitudes toward gay, lesbian, and transgender employees, and more multitasking and connectivity are examples of social trends, another force that stimulates change (Robbins & Judge, Chapter 18, 2011). Changes in social relations and structure have caused companies to adjust marketing strategies